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Email this article: Who speaks for 'Europe': Berlin under pressure from Paris?
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Posted: Wed May 16, 2012 6:31 pm
INTERNATIONAL. Will Chancellor Angela Merkel be forced to spend rather than save? Like President Hollande, Germany's opposition Social Democrat Party (SPD) is calling for a growth package that would draw on existing funds and not create new debt.
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UAE. Business conditions improved at the strongest rate in six months, driven by sharper expansions in output and new orders. Marked growth of new work resulted in greater pressure on operating capacity, however, as backlogs of work rose at the quickest pace since the survey began in August 2009.